Siddhi Cotspin Ipo
Siddhi Cotspin IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Swastika Investmart Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,59,200 |
| Retail Maximum | 2 | 2,400 | ₹2,59,200 |
| S-HNI Minimum | 3 | 3,600 | ₹3,88,800 |
| S-HNI Maximum | 7 | 8,400 | ₹9,07,200 |
| B-HNI Minimum | 8 | 9,600 | ₹10,36,800 |
| Investor Category | Share Offered | % Shares |
| Market Maker Shares Offered | 3,24,000 Shares | 5.01% |
| QIB Shares Offered | 6,14,400 Shares | 9.50% |
| NII Shares Offered | 16,58,400 Shares | 25.64% |
| Retail Shares Offered | 38,71,200 Shares | 59.85% |
| IPO Open Date: | September 19, 2025 |
| IPO Close Date: | September 23, 2025 |
| Basis of Allotment: | September 24, 2025 |
| Refunds: | September 25, 2025 |
| Credit to Demat Account: | September 25, 2025 |
| IPO Listing Date: | September 26, 2025 |
| IPO Bidding Cut-off Time: | September 23, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,94,62,491 | 85.57% |
| Promoter Holding Post Issue | 2,44,06,491 | 68.23% |
| Purpose | Crores | % |
| Investment in Human resources | 26.09 | 66.91% |
| Capital Expenditure for setting up Global Security Operation Centre (GSOC) at Ahmedabad | 5.89 | 15.11% |
| General Corporate Purpose | 7.01 | 17.98% |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹199.88 | ₹190.95 | ₹6.02 | ₹184.13 |
| 2024 | ₹581.18 | ₹563.89 | ₹12.18 | ₹181.25 |
| 2025 | ₹724.66 | ₹707.04 | ₹13.08 | ₹182.83 |
| KPI | Values |
| ROE: | 17.95% |
| ROCE: | 14.88% |
| EBITDA Margin: | 4.54% |
| PAT Margin: | 1.81% |
| Debt to equity ratio: | 0.84 |
| Earning Per Share (EPS): | ₹6.72 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 16.47% |
| Net Asset Value (NAV): | ₹40.82 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Lagnam Spintex Limited | 7.28 | 12.84 | 10.64% | 68.41 | 605.56 Cr. |
| Pashupati Cotspin Limited | 9.11 | 68.62 | 10.64% | 86.80 | 636.70 Cr. |
| United Polyfab Gujarat Limited | 7.71 | 19.39 | 18.18% | 42.41 | 602.22 Cr. |
| IPO Open Date | September 19, 2025 |
| IPO Close Date | September 23, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹102 to ₹108 Per Share |
| Issue Size | Approx ₹69.85 Crores |
| Fresh Issue | Approx ₹53.40 Crores |
| Offer for Sale: | Approx 15,24,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |